Solve the Problem. -The Temperature Rose 7 Degrees from 10:00 A.M. to Noon

question 68

Multiple Choice

Solve the problem.
-The temperature rose 7 degrees from 10:00 A.M. to noon. By 3:00 P.M. the temperature had doubled. From 3:00 P.M. to 6:00 P.M. the temperature rose 6 degrees to 94 degrees. What was the
Temperature at 10:00 A.M. that morning?

• A)51 degrees
• B)43 degrees
• C)37 degrees
• D)81 degrees

---

Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from trade.

Consumer Surplus

The separation between what consumers envisage paying for a good or service and the amount they actually disburse.

Producer Surplus

The gap between the price that sellers are ready to take for a product or service and the actual price they get from the market.

Deadweight Loss

An economic inefficiency that arises when the balance for a product or service is either not attained or cannot be attained.